It’s late and I’m old, but I ask again how is your ability to short $75M using collateral you solely control (CREATED) “good for me” or anyone that isn’t invested w you? Let’s agree you’re good @ what u do, tell me how u shorting my bag w ur magic FTT money somehow helps me.
Conversation
shorting on CREAM requires paying interest to the lenders, so they make money from it, which presumably makes them happy or else they wouldn't be lending on CREAM
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I went about this the wrong way, my apologies. I have a far more simple solution. Just tell me how you’re the good guy here.
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Tell me how staking $75m of your manufactured tokens to borrow and short makes you a man of the people. Just tell me how you’re the good guy here.
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I don't think there are always good guys and bad guys in trading.
Sometimes there are just people.
I think it increased the economic activity on CREAM and in crypto, capital efficiency, and liquidity.
Usually that's as much as you can ask for in a trade.
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Perhaps so. In this case there’s one guy that hammered everyone else’s bag and is acting like some sort of philanthropist. Still haven’t answered the baseline question here. How is you shorting everything using your manufactured collateral good for me, or anyone other than you?
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If there's no shorting, everything would be a bubble.
But also, the goal here isn't 'hammering' -- it's hedging, which is the only responsible way to be able to have significant long positions.
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Agree 100%. But it’s a unique position to hedge borrowing against collateral u created. Got to admit it’s not a typical situation. I’m not suggesting you intended to hurt others, but you made a play unavailable to anyone else. Suggesting it’s just a normal short hedge is absurd.
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Ah I see--
I think the *hedge itself* is normal.
But the collateral situation borrowing it isn't, totally agree on that.